Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Shares Gap Up – Should You Buy?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) shares gapped up before the market opened on Wednesday . The stock had previously closed at $173.41, but opened at $192.21. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $199.99, with a volume of 113,777 shares traded.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Stock Up 5.5%

The firm has a market cap of $540.89 million, a price-to-earnings ratio of 27.33 and a beta of 1.55. The company’s 50-day moving average price is $225.02 and its 200-day moving average price is $217.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of JNUG. TD Waterhouse Canada Inc. acquired a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter worth $28,000. Caitlin John LLC acquired a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter worth $33,000. ORG Partners LLC grew its stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 26.8% during the 4th quarter. ORG Partners LLC now owns 478 shares of the exchange traded fund’s stock worth $99,000 after purchasing an additional 101 shares in the last quarter. Rachor Investment Advisory Services LLC acquired a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter worth $137,000. Finally, Headlands Technologies LLC grew its stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 8,942.9% during the 2nd quarter. Headlands Technologies LLC now owns 2,532 shares of the exchange traded fund’s stock worth $201,000 after purchasing an additional 2,504 shares in the last quarter.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Company Profile

The Direxion Daily Junior Gold Miners Index Bull 2X Shares (JNUG) is an exchange-traded fund that is based on the MVIS Global Junior Gold Miners index. The fund provides daily 2x exposure to an index of junior gold and silver mining companies from developed as well as emerging markets. JNUG was launched on Oct 3, 2013 and is managed by Direxion.